The Egyptian Beltone is starting two investment funds with startups with $ 50 million

Beltone is studying the risk capital, which is attached to the Egyptian “Beltone Holding”, the establishment of two funds for investment in startups, one of which aims to acquire businesses in Africa, while the second aims to invest in the Middle East and North Africa, with a total targeted investment of $ 50, according to the Eastern. The Egyptian portfolio “Beltone Risk Capital” contains 11 businesses, with a total amount of investments exceeding 1.5 billion pounds, especially “Arica”, “Trail 1”, “Busta” and “Birdnist”. In April, the company was founded in the “Beltone Venture Capital” fund, in partnership with the company “CI Vinthser Capital”, a subsidiary of the Emirati Citadel Group, to manage an investment fund worth $ 30 million. Two Morocco transactions, Mukhtar, revealed to Al -Sharq that his business is implementing two offers in Morocco before the end of this year, in addition to two new transactions in Egypt with a maximum of 2025, with total investments of about two million dollars. The “Belton Risk Capital” business was founded in 2023 to work as founding partners for Startups and support them to reach its targets. The company is looking for “its presence in the region, in sectors with high profit margins, promising growth rates and in technology -based businesses to maximize its returns,” according to the CEO. Mukhtar pointed out that his company is considering a second closure of the “Vincter Capital” fund during the following year, especially with the completion of the investment of about $ 70% of the first closure of $ 30 million, and the approaching investment of the rest of the amount.